if by "far off" you mean compare to what happens then you are wrong he was close to predicting the real price so far. but if by "far off" you mean in time then you are right. he always predicts for long term (at least what I have seen from him) and that is the easy part because in short term all the drama, FUD, manipulation, panic sells and FOMO buys are affecting the market and making it hard to predict. for example you can't say what the price will be in a month from now or where the bottom of this bullshit downtrend currently is but you can say that in a year or two price will be rising and setting a new ATH. you can also say in 2020 with the halving we will have a huge rise at least doubling the price of that time,.... and considering all these and the way bitcoin has been rising exponentially each time you can come up with a near accurate prediction.
He's not only aiming at the long term, but also actively tries to be smart when it comes to the short term. He even admitted that he was too optimistic in some cases, but that always comes afterwards. Tim Draper is playing it safe by solely talking about what might happen in 2022 and thus far it has worked out perfectly for him. The thing with Lee is that he constantly tries to act as a positive character while the market only keeps going down. The more he's expecting from the short term market, while the price keeps going down, the more people will start to see him as a comedian (negative meaning of the word).